Bank CEO Promises His Millions in Bonus Money to Charity

Bank CEO Promises His Millions in Bonus Money to Charity

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hsbc-bank-bldg.jpgHSBC boss Michael Geoghegan has confirmed that he will hand over 6 million dollars of his bonus money (£4mil) to charity. The bank said it made 13.3 billion US dollars (£8.8 billion) in underlying pre-tax profits last year.

The chief executive said he would pass on his £4 million bonus payment – which will be paid in deferred shares – to charities around the world over the next three years.

HSBC chairman Stephen Green has also waived his entitlement to annual bonus shares.

(READ More at the UK Metro)

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